EUR/CHF Bullish Momentum With A 1% Rise In The Last 21 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.54% for the last 21 sessions. At 08:06 EST on Thursday, 11 July, EUR/CHF (EURCHF) is $0.97.

EUR/CHF’s yearly highs and lows, it’s 7.962% up from its 52-week low and 1.823% down from its 52-week high.

Volatility

EUR/CHF’s last week, last month’s, and last quarter’s current intraday variation average was 0.04%, 0.03%, and 0.24%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.24% (last week), 0.26% (last month), and 0.24% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/CHF’s Forex is considered to be oversold (<=20).

News about

  • According to FXStreet on Tuesday, 9 July, "A rewidening in the OAT-Bund spread remains a tangible risk, and we see EUR/USD upside capped in the near term."
  • Eur/usd price analysis: the first upside barrier emerges near 1.0850. According to FXStreet on Wednesday, 10 July, " The immediate resistance level for EUR/USD will emerge at 1.0843, the upper boundary of the Bollinger Band. "
  • Eur/usd: still faces downside risks – ING. According to FXStreet on Wednesday, 10 July, "We believe any US-macro-driven rally close to 1.10 will offer opportunities for strategic EUR/USD selling this summer."
  • According to FXStreet on Thursday, 11 July, "Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD and explains: "EUR/USD holds above the 100-day and the 200-day Simple Moving Averages (SMA) following the pullback seen earlier in the week, reflecting sellers’ hesitancy. ", "On the downside, technical sellers could take action and force EUR/USD to stretch lower if the pair drops below 1.0800 (100-day SMA, 200-day SMA) and starts using this level as resistance. "
  • Eur/usd price analysis: descending trend line resistance to cap gains ahead of US CPI. According to FXStreet on Thursday, 11 July, "The EUR/USD pair attracts buyers for the second successive day on Thursday and moves back closer to a nearly four-week high touched on Monday. ", "Some follow-through buying beyond the 1.0900 mark will reaffirm the constructive outlook and lift the EUR/USD pair to the next relevant resistance near the 1.0960-1.0965 region. "

More news about EUR/CHF (EURCHF).

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